Fitch Affirms Pakistan at ‘B’; outlook stable

KARACHI: Fitch Ratings has affirmed Pakistan’s Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at ‘B’ with Stable Outlooks. 

The issue ratings on Pakistan’s senior unsecured foreign- and local-currency bonds, Country Ceiling as well as the Short-Term Local- and Foreign-Currency IDRs and are also affirmed at ‘B’.
The issue ratings on The Third Pakistan International Sukuk Company Limited’s foreign-currency global certificates have also been affirmed at ‘B’.
 The company was incorporated primarily for the purpose of facilitating sukuk transactions and is wholly owned by Pakistan.
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